Acta Oeconomica Pragensia 2005, 13(1):36-40 | DOI: 10.18267/j.aop.128

Risk Quantification - Early History of Option Pricing

Jaroslav Brada

The article reminds of the world of futures contracts closed between subjects in the Austrian-Hungarian economic space in the period of ca. 1986-1914; an approach to the pricing of option contracts more than 100 years ago is elucidated. The form of a phenomenon of that time that will be called call-put parity in the future is explained. The author describes the procedure of option contract pricing in the form as it was known to our ancestors; this is the reason why he does not use mathematically formalised notation that was developed later.

Keywords: option contracts, option pricing, Prague Stock Exchange
JEL classification: G19, N13

Published: March 1, 2005  Show citation

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Brada, J. (2005). Risk Quantification - Early History of Option Pricing. Acta Oeconomica Pragensia, 13(1), 36-40. doi: 10.18267/j.aop.128
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